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Some Good News: Drilling Leases Are Expiring DON’T RESIGN!

Piedmont Earth First! Piedmont Earth First!

Piedmont Earth First!

Early speculators let drilling leases lapse as NC fracking prospects remain uncertain

jmurawski@newsobserver.comApril 8, 2014 

Four years after North Carolina’s initial fracking boomlet, less than half of Lee County’s drilling leases remain under contract as those legal agreements expire and are not being renewed.

Initial energy speculators are losing interest in North Carolina and moving on to surer prospects in other states where fracking is already underway.

Most recently, Whitmar Exploration walked away from drilling rights to 2,716 acres, according to filings made last week with the Lee County Register of Deeds.

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